Africa Polyethylene Terephthalate (PET) Market Trends

Statistics for the 2023 & 2024 Africa Polyethylene Terephthalate (PET) market trends, created by Mordor Intelligence™ Industry Reports. Africa Polyethylene Terephthalate (PET) trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Market Trends of africa polyethylene terephthalate (pet) Industry

Manufacturing on the rise to tackle the rapidly growing demand

  • South Africa is the leading manufacturing hub in Africa. Its manufacturing capabilities, efficient logistics network, and preferential regional market access position the country as an ideal location for electronics companies seeking to supply their products to Africa. South Africa has a diverse electronics industry that ranges from electrical machinery, household appliances, and telecommunication equipment to consumer electronics. In 2022, the African region imported around 70% of its local electrical and electronics demand.
  • The consumer electronics industry still relies heavily on imports. According to estimates, South Africa brought 60% of all consumer electronics into Africa in 2018. In 2020, the electrical and electronic production in the country decreased at a growth rate of around 3.2%, by revenue, compared to the previous year, owing to the widespread lockdown adopted by the government and the supply chain disruption faced due to the lockdown. In the feature phone space, shipments were down by 26.6% to 21.9 million units as vendors were transitioning away from these devices toward entry-level smartphones. All such factors led to a decrease in the production of electrical and electronic components in the region at a CAGR of -9.41% from 2020 to 2022.
  • The government is focused on promoting and supporting domestic manufacturing, R&D, and developing safety standards for the electrical and electronics manufacturing industry. The output of electrical and electronic industrial components is anticipated to record a CAGR of 6.28% during the forecast period (2023-2029) to supply the emerging African middle-class population.
Africa Polyethylene Terephthalate (PET) Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Rising demand for commercial and military aircraft to drive component production
  • Developing economies and government policies boosting construction infrastructure
  • South Africa to dominate the trade of PET resin
  • PET bottles to dominate market demand in the region
  • Cheap labor and raw materials are drawing foreign investments
  • Packaged food and beverages leading the demand for plastic packaging solutions
  • Crude oil price to influence the PET resin price
  • The PET recycling rate in South Africa reaches 62% followed by Nigeria at 15-20% Morocco at 5-10%, and Ghana at 1-2% in 2021

Africa Polyethylene Terephthalate (PET) Market Report - Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1 Study Assumptions & Market Definition

    2. 3.2 Scope of the Study​

    3. 3.3 Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1 End User Trends

      1. 4.1.1 Aerospace

      2. 4.1.2 Automotive

      3. 4.1.3 Building and Construction

      4. 4.1.4 Electrical and Electronics

      5. 4.1.5 Packaging

    2. 4.2 Import And Export Trends

      1. 4.2.1 Polyethylene Terephthalate (PET) Trade

    3. 4.3 Price Trends

    4. 4.4 Form Trends

    5. 4.5 Recycling Overview

      1. 4.5.1 Polyethylene Terephthalate (PET) Recycling Trends

    6. 4.6 Regulatory Framework

      1. 4.6.1 Nigeria

      2. 4.6.2 South Africa

    7. 4.7 Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 5.1 End User Industry

      1. 5.1.1 Automotive

      2. 5.1.2 Building and Construction

      3. 5.1.3 Electrical and Electronics

      4. 5.1.4 Industrial and Machinery

      5. 5.1.5 Packaging

      6. 5.1.6 Other End-user Industries

    2. 5.2 Country

      1. 5.2.1 Nigeria

      2. 5.2.2 South Africa

      3. 5.2.3 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Key Strategic Moves

    2. 6.2 Market Share Analysis

    3. 6.3 Company Landscape

    4. 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).

      1. 6.4.1 Alfa S.A.B. de C.V.

      2. 6.4.2 Far Eastern New Century Corporation

      3. 6.4.3 Indorama Ventures Public Company Limited

      4. 6.4.4 JBF Industries Ltd

      5. 6.4.5 Reliance Industries Limited

      6. 6.4.6 SABIC

      7. 6.4.7 Safripol division of KAP Diversified Industrial (Pty) Ltd

  7. 7. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS

  8. 8. APPENDIX

    1. 8.1 Global Overview

      1. 8.1.1 Overview

      2. 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)

      3. 8.1.3 Global Value Chain Analysis

      4. 8.1.4 Market Dynamics (DROs)

    2. 8.2 Sources & References

    3. 8.3 List of Tables & Figures

    4. 8.4 Primary Insights

    5. 8.5 Data Pack

    6. 8.6 Glossary of Terms

Africa Polyethylene Terephthalate (PET) Market Report Snapshots

Africa Polyethylene Terephthalate (PET) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029